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Financial System Soundness in the Caribbean; An Initial Assessment

Author

Listed:
  • Desiree Cherebin
  • Rupert D Worrell
  • Tracy Polius

Abstract

A survey of the financial systems of Caribbean countries reveals systems dominated by banks, with services widely available. Jamaica is the only country to have experienced a financial crisis. The paper describes recent improvements in the regulatory framework, and examines factors, which affect the soundness of the financial system, using both intuitive and econometric methodologies. The study identifies regulatory improvements that are needed, as well as additional data and analysis required to complete the assessment, which revealed no new threats to the financial system.

Suggested Citation

  • Desiree Cherebin & Rupert D Worrell & Tracy Polius, 2001. "Financial System Soundness in the Caribbean; An Initial Assessment," IMF Working Papers 01/123, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:01/123
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15325
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    References listed on IDEAS

    as
    1. Paul Louis Ceriel Hilbers & Alfredo Mario Leone & Mahinder Singh Gill & Owen Evens, 2000. "Macroprudential Indicators of Financial System Soundness," IMF Occasional Papers 192, International Monetary Fund.
    2. Reinhart, Carmen & Calvo, Guillermo, 2000. "When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options," MPRA Paper 6982, University Library of Munich, Germany.
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    Cited by:

    1. Aykut Kibritcioglu, 2002. "Monitoring Banking Sector Fragility," Macroeconomics 0206004, EconWPA, revised 17 Mar 2006.
    2. Adrian E. Tschoegl, 2004. "Financial Crises and the Presence of Foreign Banks," International Finance 0405016, EconWPA.

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